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absolutely right. the most important way to look at iscal cliff debate, the math is fine to go through it but the most important question in my mind will there be serious structural entitlement reforms. melissa: right. >> the kinds of reforms that will yield savings well down the road, even beyond, 10, 15, 40 year windows we're talking about. what are the structural reforms that would produce those kinds of results. those are only things we should be clear. the only things that would actually make a difference. the kinds of spending you're seeing to a great extent on the fiscal cliff and president's plan and lesser extent to the republican plan, largely discretionary spending cuts. a lot coming out of defense. these are not long-term structural changes that will put us on a path to a balanced budget. that will not happen. melissa: the other thing that struck me about the graphic when you look at it, the threat from republicans hey, we would rather go over the cliff rather than take the president's deal
absolutely right. the most important way to look at iscal cliff debate, the math is fine to go through it but the most important question in my mind will there be serious structural entitlement reforms. melissa: right. >> the kinds of reforms that will yield savings well down the road, even beyond, 10, 15, 40 year windows we're talking about. what are the structural reforms that would produce those kinds of results. those are only things we should be clear. the only things that would...
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>> today, president obama resisted suggestion he was cornered on a potential rights nomination. i'll make sure that we have a full national security team. that can give me the best advice possible. do everything they can to keep the american people safe. susan rice has done a great job as u.n. ambassador but i haven't made a decision about secretary of state. >> tomorrow on capitol hill, second round of closed classified briefings will be held for members of the house. testimony from the nation top intelligence officer among others. aside from the c.i.a. talking points, lawmakers say they want more definitive information on the level of premedication by the terrorists and how early it was known. bret? >> bret: thank you. >>> still ahead -- what is the big hold up for obamacare? first, president george w. bush on the piece of the economic recovery. it might surprise you. side is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow can i still ship a gift in t
>> today, president obama resisted suggestion he was cornered on a potential rights nomination. i'll make sure that we have a full national security team. that can give me the best advice possible. do everything they can to keep the american people safe. susan rice has done a great job as u.n. ambassador but i haven't made a decision about secretary of state. >> tomorrow on capitol hill, second round of closed classified briefings will be held for members of the house. testimony...
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if they choose not to review gays and lesbians couples will have the right to marry in california. >>> president obama warned the syrian rezeme the use of weapons -- today the president pledged continued u.s. support for the rebels. and he warns the president the world is watching. >> if you make the mistake of using these weapons there will be consequences and you will be held accountable. >> secretary of state hillary clinton called the u.s. of chemical weapons a red line for the u.s. no one said what action the u.s. would take. >> republicans offered their counterproposal to avoid the fiscal cliff. they valued the plan at $2.2 trillion with 800 billion from tax reform and the rest in cuts to government problems. last week president obama offered a plan that relied on tax increases that would total $1.6 trillion. the republican plan does not include something the president said is essential, income tax hikes on those making more than $250,000. >>> stocks edged lower on fears the threat from the fiscal cliff might put a damper on the economy. the dow is down 59 to 12,965. the nasdaq
if they choose not to review gays and lesbians couples will have the right to marry in california. >>> president obama warned the syrian rezeme the use of weapons -- today the president pledged continued u.s. support for the rebels. and he warns the president the world is watching. >> if you make the mistake of using these weapons there will be consequences and you will be held accountable. >> secretary of state hillary clinton called the u.s. of chemical weapons a red line...
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across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are proposing the plan that is a democrat version of the -- democrat counterpart to simpson. very smart. this offer was serious. the white house even though they put out a statement saying blah, blah, not good enough. call it a republican letter -- >> eric: this is the republican letter does not meet the test of balance. said our way or the highway from the white house. >> bob: reform ideas are interesting and should be on the table. the rest is bull. they don't cut anything out of defense. number one. number two, talk about the tax reform that will get to rich. or broaden the base of the tax base. including more people paying taxes. this is a joke on top of joke, andly give you this. entitle reform are good ideas. calling the -- >> dana: i thought bush tax cuts only help the rich. i defended that for eight
across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are proposing the plan that is a democrat version of the -- democrat counterpart to simpson. very smart. this offer was serious. the white house even though they put out a statement saying blah, blah, not good...
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will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell getting golden endorsement from goldman sachs today. the investment ba
will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one...
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. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social security and medicare. >> tracie potts for us in washington, thank you. >>> now to the crisis in syria. new reports that the white house and its allies are weighing military options to secure syria's chemical and biological weapons. president obama and secretary of state hillary clinton both issued warnings to syria monday after intelligence picked up signs the assad regime might be making preparations of some kind with its large stockpile of chemical weapons. >> i want to make it absolutely clear to assad and those under his command the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >
. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social security and medicare. >> tracie potts for us in washington, thank you. >>> now to the crisis in syria. new reports that the white house and its allies are weighing military options...
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right now, i bet there are some bankers quaking in their gucci loafers. joining me now is ryan grimm, washington bureau chief of "the huffington post" who broke the warren news this morning and stephanie, president of emily's list, the progressive group that played a key role in miss warren's campaign. thanks to both of you for joining me. what does this news about miss warren's tell us about the democratic priorities in the new congress? >> just the fact of the announcement of the news is a win because there was a huge internal fight waged by bank lobbyists to keep her off this panel. just the mere fact that she's on it, that's a victory for starters. but secondly it shows that democrats are not going to be totally pushed over. it wasn't the biggest win it could be, if it was warren and tammy baldwin or warren and and hirono, or warren and both of those, then that's a huge win for progressives. warren and mansion might zero each other out. warren is much stronger than manchin is weaker. >> stephanie, have you an issue with your arm. i don't want people t
right now, i bet there are some bankers quaking in their gucci loafers. joining me now is ryan grimm, washington bureau chief of "the huffington post" who broke the warren news this morning and stephanie, president of emily's list, the progressive group that played a key role in miss warren's campaign. thanks to both of you for joining me. what does this news about miss warren's tell us about the democratic priorities in the new congress? >> just the fact of the announcement of...
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president obama today warning syria it would be totally unacceptable for that regime to use chemical weapons to kill its own people. we will look at what the u.s. could actually do and the warning that comes with it if syria crosses that line. a live report coming up. plus, one month after former presidential candidate mitt romney lost the election, word he just scored himself a new job. and do you watch that show true blood? well, folks from the town where it is filmed have had to evacuate. not because of vampires, on the run. didn't do something stupid. how about six million pounds of explosives that are very real? [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, children laughing ] move to
president obama today warning syria it would be totally unacceptable for that regime to use chemical weapons to kill its own people. we will look at what the u.s. could actually do and the warning that comes with it if syria crosses that line. a live report coming up. plus, one month after former presidential candidate mitt romney lost the election, word he just scored himself a new job. and do you watch that show true blood? well, folks from the town where it is filmed have had to evacuate....
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right now, president obama is meeting with a bipartisan group of governors at the white house. reportedly, the governor has requested the meeting with the president. they want to urge president obama to work with congress on a solution to the fiscal cliff. in the afternoon, the same group of governors will meet with john boehner. california governor jerry brown is not among the group. >>> 7:15. the owner of the drake's bay oyster company is plotting a legal response to the federal decision to shut down his operation. he said he will not give up. the operating permit expired last month at the national seashore. the company was told it will have to leave within 90 days and that area will return to wilderness. >>> oakland's largest pot club gets a key victory in court. a judge ruled that harborside medical center cannot be ejected and they cannot kick them out because it is not breaking state law. now, the landlord will decide again in federal court on december 20th. she wants them out because a federal prosecutor is threatening to seize the property. >>> southern california leade
right now, president obama is meeting with a bipartisan group of governors at the white house. reportedly, the governor has requested the meeting with the president. they want to urge president obama to work with congress on a solution to the fiscal cliff. in the afternoon, the same group of governors will meet with john boehner. california governor jerry brown is not among the group. >>> 7:15. the owner of the drake's bay oyster company is plotting a legal response to the federal...
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>> i think it's a big problem for the obama administration and for the country. the president was right on september 12th when he said that the world needs to understand that when the united states is messed with there will be retribution, and what we've seen thus far, whether it's in the ap story, or a new york times story with one of the suspected plotters of the attack sipping fruit drinks with reporters, or, you know, the fact that the fbi continue get on the ground for several weeks after the attack there doesn't seem to be the urgency that the president suggested that there would be. i think the world needs to see that beyond the immediate concern of just bringing to justice the people who actually committed the act. bill: why does it appear to be such a low priority? what would explain that? >> well one guess would be that it isn't a high priority. this is not something that seems to have taken up a lot of time of folks in the white house, of folks elsewhere. i think if there were the urgency that the president said there would be we would have seen much m
>> i think it's a big problem for the obama administration and for the country. the president was right on september 12th when he said that the world needs to understand that when the united states is messed with there will be retribution, and what we've seen thus far, whether it's in the ap story, or a new york times story with one of the suspected plotters of the attack sipping fruit drinks with reporters, or, you know, the fact that the fbi continue get on the ground for several weeks...
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treaty advocating equal rights for disability facing significant opposition. host: tune in to c-span2 3 coverage of the senate. next caller. but the make of this latest back-and-forth? the gop sending of their proposal to the white house yesterday. this caller: is danny from college park, ga.. host: go ahead. caller: greta, i have never seen a group of people who are so willing to be lied to. republicans like to their people all through the election. the only people who were surprised that the president won are people who watch fox news. just like that, a proposal that john boehner puts out. he's trying to say that it is from the bowles proposal but erskine bowles came out yesterday and said flat out that the proposal the republicans put out does not mimic his. therefore, the republicans are lying again. republicans and the tea party people, they know that they are lying. it is just that simple. the president put out a proposal. ok. don't criticize the president for the proposal. show us a real proposal. do not ask us to trust you. host: reporting in "the new
treaty advocating equal rights for disability facing significant opposition. host: tune in to c-span2 3 coverage of the senate. next caller. but the make of this latest back-and-forth? the gop sending of their proposal to the white house yesterday. this caller: is danny from college park, ga.. host: go ahead. caller: greta, i have never seen a group of people who are so willing to be lied to. republicans like to their people all through the election. the only people who were surprised that the...
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we will be right back after a very quick break. >> coming up on lou dobbs tonight 7:00 eastern, obama wants the wealthy to pay for 8 days of running the federal government. that still leaves a trillion dollars deficit. get serious. former ways and means committee chairman congressman bill archer joins us tonight at 7:00 eastern. stuart: well, the tax on dividends is going to go up next year. maybe by 3.8%. maybe by a whole lot more. depending on the fiscal cliff. larry ellison, top guy at oracle, he had an early dividend payout. he got a check for almost 200 million dollars. he saves 56 million by not getting that money next year. liz? liz: yeah, this is true for a lot of companies. it's the insiders who own stock in the companies that are making these moves. the so-called 1%. you know it is within their rights to do it. but what bothers me are those who say we must pay our fair share, the executives who are for, you know, raising taxes, that we have to sacrifice, and then they are avoiding higher taxes in obama care, as you point out over the break, nothing to do with the fiscal clif
we will be right back after a very quick break. >> coming up on lou dobbs tonight 7:00 eastern, obama wants the wealthy to pay for 8 days of running the federal government. that still leaves a trillion dollars deficit. get serious. former ways and means committee chairman congressman bill archer joins us tonight at 7:00 eastern. stuart: well, the tax on dividends is going to go up next year. maybe by 3.8%. maybe by a whole lot more. depending on the fiscal cliff. larry ellison, top guy at...
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"the situation room" begins right now. >>> happening now, president obama says we're out of time for anything but a down payment for solving the nation's spending crisis. >>> amid fears, the government may resort to chemical weapons, nato says yes to turkey to giving them patriot missiles. we'll talk to the former british prime minister, tony blair. >>> as they await a new heir to the throne, the british consider changing the rules about who can become king or queen. i'm wolf blitzer. you're in "the situation room." >>> we begin with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the wealthy right now and putting off the hard work to next year. they have 28 days left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. le
"the situation room" begins right now. >>> happening now, president obama says we're out of time for anything but a down payment for solving the nation's spending crisis. >>> amid fears, the government may resort to chemical weapons, nato says yes to turkey to giving them patriot missiles. we'll talk to the former british prime minister, tony blair. >>> as they await a new heir to the throne, the british consider changing the rules about who can become king...
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you pay a 15% tax on that, and president obama wants to change that to you should get taxed on that income as though it's your actual, like, salary. and if that, if he gets his way on that, then that income goes up to whatever your salary tax rate is, plus if you're over 200 or 250, the 3.8%, plus the .9% as well? >> >> it would be just the 3.8. the% 9 is for wage income above that 200 or 250. but it would be on top of your ordinary income tax rate, so we could be looking at investment income being taxed more harshly than regular income. megyn: well, why should we care about that? for those of us who don't have that many investments, why do we care? >> well, we should care because the tax on capital has a major impact on the economy overall, on productivity growth and, therefore, on standards of living. the way that you have a more prosperous economy, is you need to have incentive to encourage capital formation, to encourage investment, to increase worker productivity -- megyn: what are people going to do with their money? so if i had otherwise invested in stocks and gotten dividend
you pay a 15% tax on that, and president obama wants to change that to you should get taxed on that income as though it's your actual, like, salary. and if that, if he gets his way on that, then that income goes up to whatever your salary tax rate is, plus if you're over 200 or 250, the 3.8%, plus the .9% as well? >> >> it would be just the 3.8. the% 9 is for wage income above that 200 or 250. but it would be on top of your ordinary income tax rate, so we could be looking at...
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president obama meeting with governors from around the country on capitol hill right now to discuss how to keep the economy growing. we'll talk to two former governors. jim gilmore of havevirginia, gr davis of california, about the states and what they need from the government and how states might be affected by the fiscal cliff. plus, gamestop revamping its shopping strategy. the new game plan and what it will mean for the bottom line. then a special dividend parade on wall street. while they're good for shareholders, those dividends might be even benter for company executives. just how much ceos are set to collect thanks to those divs. and ink magazine has named its top company of 2012. how the business rocked its way to the top. but we'll start in washington. the president meeting with six governors around the country to discuss the fiscal cliff. our be john harwood is live to talk about the impact of that meeting, john, and the impact of this offer that we got from the republicans yesterday. >> reporter: carl, we haven't heard from the president or the governors yet in this meeting.
president obama meeting with governors from around the country on capitol hill right now to discuss how to keep the economy growing. we'll talk to two former governors. jim gilmore of havevirginia, gr davis of california, about the states and what they need from the government and how states might be affected by the fiscal cliff. plus, gamestop revamping its shopping strategy. the new game plan and what it will mean for the bottom line. then a special dividend parade on wall street. while...
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would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >> well, we did that. we faced a substantial budget shortfall. we have a constitutional amendment that requires us to have a balanced budget, which frankly america needs that. >> i don't know what would happen. >> most states have that. >> the states that are -- i would suggest to you the states that are doing better economically have a constitutional amendment that requires them to balance their budget. so, we had to deal with that in the early 2000s. and interestingly, it was the first time since the 19th century, since back about 1870, that there were all republicans, republican speaker, republican house, republican l
would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >>...
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president obama meets with bipartisan groups of governors about the problem today. the meeting a day after house speaker jonathan boehner laid a republican plan to solve the crisis on the table and calls for $800 billion in higher taxes revenue and does not increase taxes on wealthy americans. the white house is rejecting the offer, saying any deal must include an end to tax cuts for families making over $250,000. >>> and the senate has approved a new u.s. commander for the war in afghanistan. he's marine corporal general joseph doneford and replaces general john al llen, nominatedo head forces in europe. allen's nomination on hold because of his involvement in the sex scandal that brought down former cia director david petraeus. >>> in foreign news, new intelligence reports, indicate syria's government may be preparing to use chemical and biological weapons against the rebels. in response though, the u.s. and its allies are considering military options. here's abc's martha raddatz. >> reporter: the latest intelligence is alarming. officials telling abc news the u.s
president obama meets with bipartisan groups of governors about the problem today. the meeting a day after house speaker jonathan boehner laid a republican plan to solve the crisis on the table and calls for $800 billion in higher taxes revenue and does not increase taxes on wealthy americans. the white house is rejecting the offer, saying any deal must include an end to tax cuts for families making over $250,000. >>> and the senate has approved a new u.s. commander for the war in...
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president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some agreement on other issues, those remain the sticking points. i did hear from an administration official a short time ago who told me no update whatsoever when i asked whether or not there would be some counteroffer, i guess, the counteroffer from republicans. so that remains the big sticking point, and it appears that until there's some movement on that, there really won't be an agreement. >> and before you go, i understand speaker boehner and the president were at a holiday reception and, well, what happened? >> well, you know, as you know what happens every year
president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some...
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you're on a bit of a whirlwind right now. the last couple of months, you've gone to the white house, met president obama. i heard he gave you some souvenirs, as well. >> yes. he gave me a pen and presidential m&ms. >> you still have the m&ms? >> no. >> i guess they are pretty good. and we all watched you on "dancing with the stars." >> yes. >> the fierce five showing up to help shawn out. that must have been fantastic. >> it was a lot of fun. and we had so much fun performing on stage with shawn and derek. >> so, what is next? you're on the book tour right now. going to have a little break over christmas. but gymnastics, still in your blood, right? >> i'm hoping to attend 2016 and get back into the gym. get back in the swing of things. and just gain more. i want to go to more world championships. and i think it would be cool to attend two more olympic games. >> it would be cool for all of us. thank you for coming in today. the book is called "grace, gold & glory." it's in stores today. >>> when we come back, a hol >>> back, n
you're on a bit of a whirlwind right now. the last couple of months, you've gone to the white house, met president obama. i heard he gave you some souvenirs, as well. >> yes. he gave me a pen and presidential m&ms. >> you still have the m&ms? >> no. >> i guess they are pretty good. and we all watched you on "dancing with the stars." >> yes. >> the fierce five showing up to help shawn out. that must have been fantastic. >> it was a lot...
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i know, right? [ male announcer ] introducinbankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. >> gretchen: 16 minutes after the top of the hour. if you are just waking up. it is usually a symbol of pride and patriotism. but the new flag polls seen in iran have a sinister meaning. the flag poles are electronic attenas used to jam communication and block their citizens from getting internet tv and radio signals. why? here with more is disa. good to see you. >> good to see you. >> gretchen: you have inside sources in the country of iran, why would they wanting to fool their citizens as to the real mission of the flag poles. >> the biggest threat to the regime since 2009 when the iranian government was caught off guard and saw the large presence on the internet and getting information from outside of the country and sending information from inside out. it was the twitter rev -- revolution. they were using youtube and blog citizen journalist . this is the dialogue and communication that the government wants to control. so o
i know, right? [ male announcer ] introducinbankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. >> gretchen: 16 minutes after the top of the hour. if you are just waking up. it is usually a symbol of pride and patriotism. but the new flag polls seen in iran have a sinister meaning. the flag poles are electronic attenas used to jam communication and block their citizens from getting internet tv and radio signals. why? here with more...